July 14, 2016

Canadian Leasing Enterprises appoints new president

QUEBEC--CLE, a premier equipment financing and leasing provider for Canadian small and medium
businesses, today announced the appointment of François Nantel as President.

François Nantel replaces CLE Former President, Luc Robitaille who will remain with the
Company as Senior Advisor.

François Nantel joins CLE from GE Capital, where, most recently as Senior Vice President, he
was instrumental in the sustained growth of the business unit he was in charge. He has overseen
various functions such as sales, risk, and operations.

His success in growing companies through focused business strategy brings outstanding
leadership to CLE. “CLE has an excellent reputation in servicing SMB equipment financing
industry. The support of Hitachi Capital, which acquired CLE in 2014, provides an excellent
springboard for our strategy to expand the financing solutions we offer our clients,” said François
Nantel. “Having grown companies of a similar size in the financial market, I see many parallels for
dramatic growth here, and I am thrilled to join CLE’s outstanding team”.

“Having François Nantel join our team is the next major step in the evolution of CLE,” added Ryan
Collison, Hitachi Capital Canada CEO. “Among a host of great candidates, François Nantel stood
alone in terms of strong leadership, directly applicable experience and a terrific track record. We
could not be happier with our choice.”

CLE Canadian Leasing Enterprises Ltd. (CLE Leasing) continues to offer commercial financing
solutions to entrepreneurs for more than 35 years. In May 2014, the company joined the Hitachi
Capital Group. CLE Leasing is well established all over Canada with a solid network of 110
brokers and more than 1 300 active equipment vendors. For the last five years, CLE Leasing and
Hitachi Capital Canada funded over 22 000 contracts.